Bloomberg BNA Securities Regulation and Law Report (subscription required) published “SEC Staff Report Recommends New Comprehensive Review To Amend Regulation S-K” by Corporate Partner Spencer Feldman. On December 20, 2013, the staff of the SEC’s Division of Corporation Finance issued a report on its review of the disclosure requirements under Regulation S-K to determine how those requirements can be updated to modernize and simplify the registration process. The report makes no concrete recommendations on changes to the SEC’s disclosure requirements, but rather suggests areas where further review of changes would be merited. The report nonetheless reflects the current direction being taken by the SEC staff with regard to disclosure in public filings. Given expectations for increased activity in the equity capital markets in 2014, this article discusses the “hot topics” being considered by the SEC in the coming year.